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Press background on IDBI Bank
Company profile
IDBI Bank Ltd. is a Universal Bank with its operations driven by a cutting edge core Banking IT platform. The Bank offers personalized banking and financial solutions to its clients in the retail and corporate banking arena through its large network of Branches and ATMs, spread across length and breadth of India. We have also set up an overseas branch at Dubai and have plans to open representative offices in various other parts of the Globe, for encashing emerging global opportunities. Our experience of financial markets will help us to effectively cope with challenges and capitalize on the emerging opportunities by participating effectively in our country’s growth process.
 Recent press releases
IDBI Bank Bags Rajbhasha Kirti Puraskar of Department of Official Language Ministry of Home Affairs, Government of India

IDBI Bank Ltd. has been awarded second prize in linguistic region `B' of nationalised banks and financial institutions category of Rajbhasha Kirti Puraskar for the year 2014-15 for its outstanding performance in the use of Hindi. The award was presented by Honourable President of India Shri Pra... (more)
IDBI Bank Launches Tab Banking

IDBI Bank launched its Tab Banking solution christened ‘JusTab’ which will facilitate opening of accounts at customers’ door step using Tablet. The Bank’s official will visit the customer at home / office and get the account opening process completed including obtaining KYC ... (more)
IDBI Bank Highlights of Q1 FY 2015-16 (June 30, 2015) Financial Results vis-à-vis Q1 FY 2014-15 (June 30, 2014)

Business up 13% to Rs. 445668 Crore (from Rs. 394924 Crore)
Deposits increased by 15% to Rs. 241328 Crore (from Rs. 210343 Crore)
Advances up by 11% to Rs. 204339 Crore (from Rs. 184581 Crore)
Total assets grew by 11% to Rs. 342016 Crore (from Rs. 309317 Crore)
... (more)
IDBI Bank Revises Deposit Rates

IDBI Bank has reduced the interest rates on Retail Term Deposit (RTD) by 40 bps for the maturity bucket ‘6 months 1 day upto 270 days’ and by 25 bps for various maturity buckets from ‘271 days upto 10 years’. The mark-up for Senior Citizens at 50 bps over the Card rate would... (more)
IDBI Bank Launches New Loan Application Processing System

IDBI Bank, a new generation PSU Bank, launched a new Loan Application Processing System for its Structured Retail Asset (SRA) Loans like Education loans, Personal Loans and Auto Loans at the branches. This is in addition to its existing loan processing system for home loans and loan against propert... (more)
IDBI Bank Launches Self-service Mini Branch Kiosk

IDBI Bank launched its first self service Mini Branch Kiosk at its Cuffe Parade, Mumbai Branch which will address the customer’s request of personalized cheque leaves dispensation and issue of Demand Draft & Pay Order on 24X7 basis. IDBI Bank would be the first bank in the country to make... (more)
IDBI Bank Executes Agreement with MUDRA for Refinance under PMMY

The General Refinance Agreement (GRA) between IDBI Bank Ltd. and Micro Units Development and Refinance Agency (MUDRA) Ltd. was signed on July 01, 2015 by Shri S.K.V. Srinivasan, Executive Director, IDBI Bank and Shri Jiji Mammen, CEO, MUDRA Ltd., in the presence of Smt. Lalita Sharma, CGM and other... (more)
IDBI Bank Awarded ISO 27001:2013 Certification

IDBI Bank has successfully attained the International Organization for Standardization Certification (ISO 27001:2013). IDBI Bank is one of the few public sector banks to upgrade to the latest ISO standard in Information Security i.e. ISO27001:2013. The certification means that IDBI Bank’s Inf... (more)
IDBI Bank Revises Retail Deposit Rates in Various Maturity Buckets

Post bi-monthly Monetary policy 2015-16 announced by RBI on June 02, 2015, IDBI Bank has decided to revise retail term deposit rates with effect from June 10, 2015 across all maturity buckets. The Bank has reduced interest rate in most of the short term maturity buckets of 31 days to <1 year by ... (more)
IDBI Bank Receives Elets Knowledge Exchange Award 2015 for its Financial Inclusion Initiatives Under PSU Category

IDBI Bank Ltd. received Elets Knowledge Exchange Award 2015 under Financial Inclusion Initiatives – PSU category by Elets Technomedia, a technology media and research organization working in the fields of ICT in government, education, healthcare, agriculture and rural development sectors. Ele... (more)